MGM Resorts International
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict MGM Resorts International's revenues will improve 30.6% and EPS will remain in the red.
The average estimate for revenue is $2.36 billion. On the bottom line, the average EPS estimate is -$0.14.
Revenue details
Last quarter, MGM Resorts International booked revenue of $2.29 billion. GAAP reported sales were 54% higher than the prior-year quarter's $1.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at -$0.09. GAAP EPS were -$0.44 for Q1 versus -$0.18 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 35.9%, 370 basis points worse than the prior-year quarter. Operating margin was 9.4%, 190 basis points better than the prior-year quarter. Net margin was -9.9%, 360 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $9.38 billion. The average EPS estimate is -$0.52.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,136 members out of 1,375 rating the stock outperform, and 239 members rating it underperform. Among 281 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 224 give MGM Resorts International a green thumbs-up, and 57 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MGM Resorts International is outperform, with an average price target of $16.15.
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